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Journal of Agricultural & Food Industrial Organization

Ed. by Azzam, Azzeddine


CiteScore 2017: 0.76

SCImago Journal Rank (SJR) 2017: 0.325
Source Normalized Impact per Paper (SNIP) 2017: 0.402

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1542-0485
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Price Dependence between Different Beef Cuts and Quality Grades: A Copula Approach at the Retail Level for the U.S. Beef Industry

Dimitrios Panagiotou / Athanassios StavrakoudisORCID iD: http://orcid.org/0000-0001-9344-0889
Published Online: 2015-03-17 | DOI: https://doi.org/10.1515/jafio-2015-0001

Abstract

The objective of this study is to assess the degree and the structure of price dependence between different cuts of the beef industry in the USA. This is pursued using the statistical tool of copulas. To this end, it utilizes retail monthly data of beef cuts, within and between the quality grades of Choice and Select, over the period 2000–2014. For the Choice quality grade, there was evidence of asymmetric price co-movements between all six pairs of beef cuts under consideration. No evidence of asymmetric price co-movements was found between the three pairs of beef cuts for the Select quality grade. For the pairs of beef cuts formed between the Choice and Select quality grades, the empirical results point to the existence of price asymmetry only for the case of the chuck roast cut.

Keywords: Q11; C13; L66

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About the article

Published Online: 2015-03-17

Published in Print: 2016-01-01


Citation Information: Journal of Agricultural & Food Industrial Organization, Volume 14, Issue 1, Pages 121–131, ISSN (Online) 1542-0485, ISSN (Print) 2194-5896, DOI: https://doi.org/10.1515/jafio-2015-0001.

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